AskGuru Q&A Community

Get answers from PropertyGuru experts in 24 hours

Asked by
Hi Gurus, I'm foreigner (not a Singaporean or PR) have been working in Singapore for years. I'm planning to buy a re-sale condo (built already, ready to occupy), may I know how much % is the down payment and how much % the bank can give me a loan and for how many years if I'm 27 this year.
0 •
862 views
Upvote Upvoted
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

2 Answers

Choo Jia Ming
Replied
Dear Susan,

You can consult the bank on their loan packages.
If you require any further assistance , please do let me know.

I look forward to hear from you soon

Thank you
Choo Jia Ming
B. Hons (EEE)
Savills Sales Director
HP: 9476 2732 
Email: jiaming.choo10@gmail.com
Salesperson registration. no: R026370F Read More
0
Upvote Upvoted
YT Tan (陈永达)
Replied
Afternoon Susan,

You have to fork out at least 20% of the purchase price as downpayment as most banks only able to provide loan up to 80% of the valuation/ purchase price.

Btw other than that, you have to fork out with both buyer's stamp duty and additional buyer's stamp duty of 10% as well as stamp duty for mortgage and legal fees.

As for the duration for bank loan repayment, different banks varies. Why not I introduce some bankers to advise you on that?

Warmest Regards,
YT TAN
District Manager
R043025D
(M): 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W1): www.yttan.com
(W2): yttan.stproperty.com.sg/ Read More
0
Upvote Upvoted

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Ask Your Question
Previously Asked Questions